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California Nanotechnologies ( (TSE:CNO) ) has shared an update.
California Nanotechnologies reported record quarterly revenue of $1,806,205, marking a 56% year-over-year increase, alongside a strong adjusted EBITDA despite increased costs from capacity expansion. The company’s net income was impacted by non-cash charges related to share purchase warrants, but it remains optimistic about long-term growth due to higher manufacturing capacity and recent investments.
More about California Nanotechnologies
California Nanotechnologies operates in the nanotechnology industry and focuses on providing advanced manufacturing services. The company is known for its innovative solutions and has a market focus on enhancing manufacturing capabilities through nanotechnology.
YTD Price Performance: -4.26%
Average Trading Volume: 88,919
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$41.46M
See more insights into CNO stock on TipRanks’ Stock Analysis page.
